lakewood123
02-15-2002, 10:31 PM
Hi All,
Looking at my inventory valuation report, it shows several dozen items with zero units but a small balance, such as .03 cents or minus .06 cents, etc. These items are sold out and are now discontinued, so we're not restocking them.
Apparently Peachtree's costing system (LIFO) isn't completely accurate, and it leaves these small balances. I've tried booking inventory adjustments to clear these differences, but these don't do it.
As far as I can tell, you can't really book a monetary adjustment to these individual items, at least not through the normal inventory adjustment function, which only lets you book changes to the physical inventory.
How do I clean these up stock items with remaining costs?
Thanks for your help.
Lakewood123
Looking at my inventory valuation report, it shows several dozen items with zero units but a small balance, such as .03 cents or minus .06 cents, etc. These items are sold out and are now discontinued, so we're not restocking them.
Apparently Peachtree's costing system (LIFO) isn't completely accurate, and it leaves these small balances. I've tried booking inventory adjustments to clear these differences, but these don't do it.
As far as I can tell, you can't really book a monetary adjustment to these individual items, at least not through the normal inventory adjustment function, which only lets you book changes to the physical inventory.
How do I clean these up stock items with remaining costs?
Thanks for your help.
Lakewood123